Gunsynd PLC - Human Brands Update
RNS Number : 0678F
Gunsynd PLC
24 October 2018
 

Gunsynd plc

("Gunsynd" or the "Company")

Human Brands Update

Gunsynd Plc (AIM: GUN, NEX: GUN) announces that it has been informed by its investee company, Human Brands International, Inc. ("Human Brands"), that it has made substantial progress towards preparing for a proposed listing on the Standard Segment of the Main Market of the including the near completion of both the last three years audits and legal due diligence. 

In further recognition of the efforts of Gunsynd to assist with its proposed listing (the "Transaction"), Human Brands will, subject to completion of the Transaction, pay Gunsynd a fee equal to 4 per cent of its market capitalisation immediately following completion of the Transaction (previously 1%). This Fee shall be satisfied by the issue of such number of fully paid ordinary shares in Human Brands (post completion of the Transaction) at the listing price as equal 4 per cent of the issued share capital at admission.

Gunsynd has, to date, invested £289,000 in Human Brands via loan notes.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

 

Gunsynd plc

Hamish Harris

 

 

+44 20 7440 0640

Cairn Financial Advisers LLP

James Caithie / Liam Murray

 

+44 20 7213 0880

 

Peterhouse Corporate Finance

Lucy Williams

 

+44 20 7469 0930

 

 


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